Quick fix for multiemployer pensions unlikely on Capitol Hill

Published February 21, 2020 4:00am ET



Congress is unlikely to fix the country’s formidable multiemployer pension crisis before the 2020 elections, even though many of the plans face insolvency in the not-too-distant future.

“This crisis is severe and gets worse every day,” Senate Finance Chairman Chuck Grassley said upon introducing a plan to address the shortfall. The Iowa Republican added that “we need to act quickly.”

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